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Ichimoku forever

  • #1,261
  • Sep 2, 2009 2:26am Sep 2, 2009 2:26am
Quoting $maker
Sinner,

you seem to have a very strong understanding of ichimoku,

I am just confused on the right time frame... coz thats whats been hurting me...

Help me out here bro..!


Also.. whats the best way to locate an exit point...
Do your research first of all! We already provide the answers in this thread you must read it to understand. There is no 1 TF which Ichi work all the time you must understand and analyze all TF before take your position!
  • #1,262
  • Sep 2, 2009 2:36am Sep 2, 2009 2:36am
Quoting sinner-
Do your research first of all! We already provide the answers in this thread you must read it to understand. There is no 1 TF which Ichi work all the time you must understand and analyze all TF before take your position!
Yes bro!
I have been reading up...
I know that Ichi works in all time frames... ive read a lottttttttt about it.
I just wanted to get a feel from the pros who are actually USING IT.. since reading about it is different.

I got all my answers.. just still confused about EXIT point...

For example... the chart attached.. if i would have gone long... i wouldnt know where to exit..?...
FYI this is EURUSD M5

thanks.. and sorry if i have been a bit pushy
Attached Image (click to enlarge)
Click to Enlarge Name: ichi.jpg Size: 41 KB
  • #1,263
  • Sep 2, 2009 2:40am Sep 2, 2009 2:40am
I just explain where to exit using my example GBPJPY M15 you cannot see on M5 why she drop there but if you look on M15 you can see exactly why she drop from there, because she hit M15 senkou B perfectly!

Quote
I know that Ichi works in all time frames... ive read a lottttttttt about it.

You not listen. I say analyse all TF and then take your trade, that way entry and exit reason is apparent on all TF! I did not say Ichi work on all TF and you can use it on any one you like I said you must analyse alllllll TF before taking trade on annyyyy TF!

vic gives many good exit strategies in this thread for positions taken with the trend I advise you find and use them.
  • #1,264
  • Sep 2, 2009 2:43am Sep 2, 2009 2:43am
Quoting sinner-
My friend there is a flaw in your logic. The reason you say should not long and I should wait for short is because she go up? Please check some of my past posts I do not simply buy at random times and hope she go up I use my own Ichi signals to decide when to scalp long!

I exit here +22 Entry at red triangle (fill at 150.21) exit at blue box. Although I think she go all the way back up to 152.1 from here.
it seems you had a good chance in your latest trade and your 22 pip.but GJ isn't a good place for such these risky trades.if you kept opening your position 3 mins later ,,you had lost huge money.
good luck,
  • #1,265
  • Edited 2:58am Sep 2, 2009 2:50am | Edited 2:58am
Quoting $maker
Hi guys...
Glad to see finally some people using Ichimoku...
What do you guys trade on ?.
im trading GBP , EUR, and GOLD.

what time frame do you guys trade?? 1h?

Anyone trading similar pairs.. please msg me
Hi $Maker,

The method that we use is explained in the first 10 pages of the thread and they're worth reading to have the ongoing conversation maintain relevance.

We look for trade entry on 5min TF's with confirmation of signal on 1hr, 4hr and daily where possible.

The technique is more trend trade focussed than scalping so there are a few of us continually monitoring the pairs, posting analysis and potential trade setups 24hrs.

Our normal TP level is 50+ pips with SL on topside of kumo at entry point on retracement of 5min chart.

An example relevant right now (2 Sept 2009, 7.39GMT) is for G/Y.

Daily - strong sell signal
4hr - strong sell signal
1hr - strong sell however flat top on the kumo suggests a near term retracement perhaps to kijun before continuation down
30min - looking for TS/KS cross for sell signal
15min - TS/KS cross occuring now in kumo, looking for continuation and eventual downside breakout
5min - ts/ks cross over has occured and we really need to see 5min south of kumo then a retracement to KS or kumo base before entry.

Sure you might say well if you don't use all the long time frames then you'd be in now making pips however I urge you to read my post #1153 called "The Daily Grind". It's a brief summary of the day to day analysis completed by our members on each pair (this one is just on the GY to keep the story short) and it shows the reason that we don't go in without long TF confirmation.

You're certainly welcome here and please come back as we have a core team of analysts who are working round the clock across 8 or so pairs to provide ongoing trade entry suggestions points - followed shortly by supporting analysis backing up each suggested trade. We only post trades that we are in ourselves and hope that you're able to make money off our work.

We aren't trying to make people millionaires or touting any of these excel models that extrapolate out "only 2% account increase per day and you will be a gazillionaire in 25 days" rubbish. This is real traders, doing real analysis and making real and realistic returns.

If this sounds of interest make sure you stick around, hopefully we'll make money together.

Cheers!
  • #1,266
  • Sep 2, 2009 2:50am Sep 2, 2009 2:50am
Quoting $aly
it seems you had a good chance in your latest trade and your 22 pip.but GJ isn't a good place for such these risky trades.if you kept opening your position 3 mins later ,,you had lost huge money.
good luck,
Sorry my friend we must trade differently. My max risk was -20 and my drawdown only -5 because of poor order fill. If she reverse on me I only lose -20 maximum and I not keep trade open 3 mins later because my strategy (same reason I decide to go long) tell me to exit. In fact my strategy tell me to short from 150.49 which if I had held would be +90 already with only -10 drawdown.
  • #1,267
  • Sep 2, 2009 2:53am Sep 2, 2009 2:53am
Quoting sinner-
My friend there is a flaw in your logic. The reason you say should not long and I should wait for short is because she go up? Please check some of my past posts I do not simply buy at random times and hope she go up I use my own Ichi signals to decide when to scalp long!

I exit here +22 Entry at red triangle (fill at 150.21) exit at blue box. Although I think she go all the way back up to 152.1 from here.
Hi Sinner

What was the logic behind this particular trade because obviously we were on a dwontren on higher TF's.
  • #1,268
  • Sep 2, 2009 2:54am Sep 2, 2009 2:54am
I just spend an hour writing posts to explain my trades today!

From now on I no longer post these trades, I only provide pure Ichi signals to this thread because too many people here seem to want to be spoon-fed their pips.

PS: I take no trades from now until ADP NFP comes out.
  • #1,269
  • Sep 2, 2009 2:59am Sep 2, 2009 2:59am
Hi guys , i am newbie here, but already falling in love with this strategy. now trading it only demo, but soon begin in real too.
Help me please, you have some signal board on your charts (arrows), vcan you put it here in mql(not in ex) please Ichimoku_Signal
  • #1,270
  • Sep 2, 2009 3:07am Sep 2, 2009 3:07am
Quoting sinner-
I just spend an hour writing posts to explain my trades today!

From now on I no longer post these trades, I only provide pure Ichi signals to this thread because too many people here seem to want to be spoon-fed their pips.

PS: I take no trades from now until ADP NFP comes out.
Hi Sinner,

Please keep posting your trades and logic as you always do it's much appreciated by everyone. Just note the # of your post with the trade explanation and then direct people who are new to the thread there. I know it is taxing however it would be a pity to lose your insight because some people do not read the thread properly.

Great call on the G/Y by the way earlier. I has just woken up and was watching it move as I read your post. Pity the latest fall didn't work with our rules hey? I wouldn't be surprised to see us bounce the overnight low on GY shortly with a nice chikou over run for jump at!!

Cheers!
  • #1,271
  • Sep 2, 2009 3:07am Sep 2, 2009 3:07am
Quoting 4xAddict
Hi $Maker,

The method that we use is explained in the first 10 pages of the thread and they're worth reading to have the ongoing conversation maintain relevance.

We look for trade entry on 5min TF's with confirmation of signal on 1hr, 4hr and daily where possible.

The technique is more trend trade focussed than scalping so there are a few of us continually monitoring the pairs, posting analysis and potential trade setups 24hrs.

Our normal TP level is 50+ pips with SL on topside of kumo at entry point on retracement of 5min chart.

An...
Hey..
Firstly, Thank you for the effort you took there.
I have been on FF for like 8 months now.. and have been trading since on gu and eu mainly and am found on those forums.
I came across ichimoku 6 months back where someone told me its 98.5% accurate.. so ive been following but no one in the other threads were using it.. so never actually had a chance to get a feed back from someone trading at a small level like me.

Now... i just charted up the Gbp/Jpy to relate to your example.
739 gmt = 939 CET.
and i dont see the STRONG SELL as you said...
are your ichimoku settings not default?
or am i reading your post entirely wrong.

Just attached daily and 4h to show you what i am seeing righ tnow:S
Attached Images
  • #1,272
  • Sep 2, 2009 3:11am Sep 2, 2009 3:11am
Quoting sinner-
I just spend an hour writing posts to explain my trades today!

From now on I no longer post these trades, I only provide pure Ichi signals to this thread because too many people here seem to want to be spoon-fed their pips.

PS: I take no trades from now until ADP NFP comes out.
Sinner,
I apologize... because i know its because of me to an extent that you seem a little upset.
However, no one is here to be spoon fed... everyone is here to learn and share whatever knowledge they have. Sadly i can only share my knowledge about other systems and therefore am of no help YET on this thread.

i am new to ichimoku and at times reading the first 10 pages might give me a picture.. but the last 20 might have the latest update to the system.

In Short.. Keep doing what you are doing.. which is helping people... even if that meant spoon feeding someone.. coz it wont hurt you!

Peace!
  • #1,273
  • Sep 2, 2009 3:12am Sep 2, 2009 3:12am
Quoting 4xAddict
Hi Sinner,

Please keep posting your trades and logic as you always do it's much appreciated by everyone. Just note the # of your post with the trade explanation and then direct people who are new to the thread there. I know it is taxing however it would be a pity to lose your insight because some people do not read the thread properly.

Great call on the G/Y by the way earlier. I has just woken up and was watching it move as I read your post. Pity the latest fall didn't work with our rules hey? I wouldn't be surprised to see us bounce the overnight...
Ok 4xAddict that is a good idea. Not sure what you mean latest fall didn't work out to my rules? She exhaust on M15, return to senkou B and then drop. Works fine Just remember, on the other examples I provided was M1 or M5 so we take quick scalps against the trend. In this example we see M15 exhaust so rules of engagement are a bit different (i.e. we wait for proper M5 signal to go long and then decide to short from M15 senkou B if PA confirms a return to trend).
  • #1,274
  • Sep 2, 2009 3:21am Sep 2, 2009 3:21am
Quoting sinner-
Ok 4xAddict that is a good idea. Not sure what you mean latest fall didn't work out to my rules? She exhaust on M15, return to senkou B and then drop. Works fine Just remember, on the other examples I provided was M1 or M5 so we take quick scalps against the trend. In this example we see M15 exhaust so rules of engagement are a bit different (i.e. we wait for proper M5 signal to go long and then decide to short from M15 senkou B if PA confirms a return to trend).
Hi Sinner,

I didn't explain myself well enough. I agree that using yoru analysis it showed a perfect sell entry opportunity however using the simple method that Vic does with the 5min confirmation etc it wasn't there yet.

I am providing analysis based on the simplest version to help people understand the basics which is why I missed it.

Great call again though!
  • #1,275
  • Sep 2, 2009 3:22am Sep 2, 2009 3:22am
The Daily Grind PDF is awesome...
lots of effort...Much appreciated
  • #1,276
  • Sep 2, 2009 3:25am Sep 2, 2009 3:25am
Quoting $maker
Hey..
Firstly, Thank you for the effort you took there.
I have been on FF for like 8 months now.. and have been trading since on gu and eu mainly and am found on those forums.
I came across ichimoku 6 months back where someone told me its 98.5% accurate.. so ive been following but no one in the other threads were using it.. so never actually had a chance to get a feed back from someone trading at a small level like me.

Now... i just charted up the Gbp/Jpy to relate to your example.
739 gmt = 939 CET.
and i dont see the STRONG SELL as you said...
are...
The strong sell signal on both is brought about by the crossing of the TS down through the KS and the fact that the TS is below the kumo on both charts.

Also, on the daily in the kumo projection it has crossed over signalling that the cloud is now turning bearish which adds support to the idea that it will continue south.

Not sure why, but my TS was through the kumo to the down side when I wrote that so I'm a bit confused how that happened. I am using the stock standard presets for the ichimoku indicator.

Cheers!
  • #1,277
  • Sep 2, 2009 3:34am Sep 2, 2009 3:34am
Quoting 4xAddict
The strong sell signal on both is brought about by the crossing of the TS down through the KS and the fact that the TS is below the kumo on both charts.

Also, on the daily in the kumo projection it has crossed over signalling that the cloud is now turning bearish which adds support to the idea that it will continue south.

Not sure why, but my TS was through the kumo to the down side when I wrote that so I'm a bit confused how that happened. I am using the stock standard presets for the ichimoku indicator.

Cheers!
yeah thats wierd..
Anyways. i have 85 pages to read .... hopefully will be a little more prepared after that!
  • #1,278
  • Sep 2, 2009 3:38am Sep 2, 2009 3:38am
Quoting 4xAddict
Hi Sinner,

I didn't explain myself well enough. I agree that using yoru analysis it showed a perfect sell entry opportunity however using the simple method that Vic does with the 5min confirmation etc it wasn't there yet.

I am providing analysis based on the simplest version to help people understand the basics which is why I missed it.

Great call again though!
Hi 4xAddict I see your point now. This is probably due to necessity on my part. If we have time to sit and watch 1 or 2 sessions a day then we can patiently take the best pure signals and leave the rest on the floor. Since my hours are very erratic I need to be able to make some pips from true Ichi principal which is "at a glance" i.e. look at chart, see what is happening very quick (analyse all TF in 10 mins), then make some quick pips.

Now I know you are the G/J soldier but if you don't mind I would like to post a daily TF G/J chart. Not specifically because of G/J but this chart shows the "double top" formation which has popped up across many instruments that lots of people are talking about recently.

The point is as a warning, we have broken the intermediate trendline (red) but until we break out of the blue box then we are still officially in an uptrend I think because a lot of time double top is not actually a double top and continues on the original trend. So keep an eye out on your daily charts for true trend confirmation please remember the big picture!

I also thought it was really cool how the trendline and D1 senkou A intersect perfectly there yesterday, just goes to show vic was right when he say Ichi is all other indicators!
Attached Image (click to enlarge)
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  • #1,279
  • Sep 2, 2009 3:46am Sep 2, 2009 3:46am
Hi All,

At present the GY is retracing on the 5 min chart and provided it bounces on either the KS or kumo(preferred entry) we could likely see another decent sell signal.

By the look of things the 149.80 area is one of decent resistance given this coincides with the following:

4hr TS area
1hr TS area
30min KS area
15min TS and kumo base
5min TS

As a result I will be entering a sell trade at 149.80 with SL on kumo top around the 150.20 area.

Some of you may like to enter now however I want to see 149.80 tested again.

Cheers and goodluck!
  • #1,280
  • Sep 2, 2009 3:52am Sep 2, 2009 3:52am
Quoting sinner-
Hi 4xAddict I see your point now. This is probably due to necessity on my part. If we have time to sit and watch 1 or 2 sessions a day then we can patiently take the best pure signals and leave the rest on the floor. Since my hours are very erratic I need to be able to make some pips from true Ichi principal which is "at a glance" i.e. look at chart, see what is happening very quick (analyse all TF in 10 mins), then make some quick pips.

Now I know you are the G/J soldier but if you don't mind I would like to post a daily TF G/J chart. Not specifically...
Thanks for the info and please whenever you have valuable info add it when you see fit.

It is a valid point that you make about the current daily trend and with the weekly so flat there is certainly a level of uncertainty.

In reality I would like to see 154.80 area hit before downtrend resumption however in this lower volume market it's hard to see happening.

Just clipped a quick 25pips using your chikou over run method on the bounce, sure happens regularly.

Not sure we will see 149 broken solidly today however will keep watching.

Cheers.
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